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Author	Topic: Tropics are quiet, July 4 over, retail prices fall	Post a Reply Back to Topics

PD Moderator	Message Posted: Jul 6, 2010 12:47:50 PM Ignore PD Report Abuse With the departure of Hurricane Alex, which had little impact on the oil industry, gasoline and oil futures began to fall late last week, and as July 4 came and went, retail prices have begun to move lower as well. Going into the July 4 weekend, retail prices jumped to $2.78 mid-last week (a rise of 3-cents in one day as retailers took advantage of increased traffic). As the weekend progressed, retailers lowered their prices to an average of $2.74 on July 4. Today, the average price stands at $2.727- a decrease of a nickle in just a few days time. We can expect retail prices to continue to fall through this week in most of North America, but prices may be slower to fall along the East Coast, as higher demand from power... Visit GasBuddy Blog for full article

Moderator

Message Posted: Jul 6, 2010 12:47:50 PM

Ignore PD Report Abuse

With the departure of Hurricane Alex, which had little impact on the oil industry, gasoline and oil futures began to fall late last week, and as July 4 came and went, retail prices have begun to move lower as well.

Going into the July 4 weekend, retail prices jumped to $2.78 mid-last week (a rise of 3-cents in one day as retailers took advantage of increased traffic). As the weekend progressed, retailers lowered their prices to an average of $2.74 on July 4. Today, the average price stands at $2.727- a decrease of a nickle in just a few days time.

We can expect retail prices to continue to fall through this week in most of North America, but prices may be slower to fall along the East Coast, as higher demand from power...

Visit GasBuddy Blog for full article

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kretty01 Rookie Author Twin Cities Posts:34 Points:61,920 Joined:Apr 2008	Message Posted: Jul 9, 2010 5:58:44 PM Ignore kretty01 Report Abuse I have seen gas prices fluxuating quite a bit over the last 2 weeks in my area.
Martinman Champion Author Mississippi Posts:14,719 Points:2,089,830 Joined:Sep 2005	Message Posted: Jul 9, 2010 7:09:50 AM Ignore Martinman Report Abuse coolaid again...
OHMS Champion Author Orange County Posts:13,701 Points:1,688,855 Joined:May 2005	Message Posted: Jul 8, 2010 1:32:47 PM Ignore OHMS Report Abuse Yep, sure enough; July fourth has passed again; it is not over, it shall return, frequently. Gas stations were working; were the rest of you?
1006 Champion Author Birmingham Posts:1,105 Points:1,351,590 Joined:Apr 2008	Message Posted: Jul 8, 2010 5:49:34 AM Ignore 1006 Report Abuse weather comes & goes. get ready.
honda0105 Champion Author Tallahassee Posts:18,580 Points:1,605,520 Joined:Nov 2008	Message Posted: Jul 8, 2010 5:12:26 AM Ignore honda0105 Report Abuse Powerstroke73L: then how do you explain the fact that oil has been at much lower prices and the pump prices are not reflecting it. if you go back, barrel prices and pump prices used to reflect each other, although there is generally a 3 month lag time. Now, the price drops to $65 or $68 and three months later the pump prices go up because of some excuse. Up 10 cents today b/c of this or that, dropping slowly over the next three weeks by 4 cents only to spike again... how do you explain patterns like that as being not part of the greed culture in Pig Oil and Specutraitor circles? And it's been proven that Pig Banks are under Pig Oil's blanket, financing a lot of the specutraitors' transactions (and doing many themselves).
honda0105 Champion Author Tallahassee Posts:18,580 Points:1,605,520 Joined:Nov 2008	Message Posted: Jul 8, 2010 5:08:23 AM Ignore honda0105 Report Abuse around my routes, prices haven't fallen yet. Although some area stations do report a drop.
honda0105 Champion Author Tallahassee Posts:18,580 Points:1,605,520 Joined:Nov 2008	Message Posted: Jul 8, 2010 5:07:21 AM Ignore honda0105 Report Abuse tropics quiet? With an 80% of bad weather in the Gulf? Hmmm..
Martinman Champion Author Mississippi Posts:14,719 Points:2,089,830 Joined:Sep 2005	Message Posted: Jul 7, 2010 8:53:34 AM Ignore Martinman Report Abuse Gulf of Mexico Visible Imagery
dlemma Champion Author Wyoming Posts:4,086 Points:1,551,020 Joined:Feb 2008	Message Posted: Jul 7, 2010 8:42:07 AM Ignore dlemma Report Abuse our prices have stayed at 2.59 for WEEKS...they don't fluctuate much at all when they do change; only 1 or 2 cents at a time.
Martinman Champion Author Mississippi Posts:14,719 Points:2,089,830 Joined:Sep 2005	Message Posted: Jul 7, 2010 8:21:27 AM Ignore Martinman Report Abuse One more thing. The Tropics AREN'T quiet: Atlantic Tropical Weather Outlook This tropical wave has been ranging between a 30-to-50% chance of developing into a Tropical system since Alex made landfall in Mexico. It's current location is further north and east of Hurricane Alex's track through the Bay of Campeche. The associated low pressure area has just emerged off the Yucatan Peninsula this morning, and pressure patterns over the northern Gulf/southern U.S. are such this time that the system won't be pushed westward into Mexico, if this pattern persists. If the system tracks northward, it won't even have to develop into a hurricane to exponentially increase the oiling of the Northern Gulf coast. [Edited by: Martinman at 7/7/2010 9:23:56 AM EST]
Martinman Champion Author Mississippi Posts:14,719 Points:2,089,830 Joined:Sep 2005	Message Posted: Jul 7, 2010 7:26:48 AM Ignore Martinman Report Abuse Hey PD, Want to "write" something that will get some press? Write about the St. Louis area has these "routine" 20-to-30 cents-per-gallon price spikes EVERY TWO WEEKS. They NEVER reflect movements in the price of crude oil, or even NYMEX futures prices. They al most always occur on Tuesday or Wednesday. And true-to-form, yesterday morning prices spiked from $2.34 to $2.59 The question is - why? [Edited by: Martinman at 7/7/2010 8:27:54 AM EST]
Powerstroke73L Champion Author Sacramento Posts:2,816 Points:731,150 Joined:Jul 2008	Message Posted: Jul 7, 2010 1:20:51 AM Ignore Powerstroke73L Report Abuse I can't read two posts without seeing somebody blame "speculators" or "big Oil" for everything in this world. Come on people, try not to use te talking points.
1988MR2guy Champion Author California Posts:7,436 Points:1,168,755 Joined:Oct 2009	Message Posted: Jul 6, 2010 11:49:13 PM Ignore 1988MR2guy Report Abuse Get rid of the speculators and you'll see prices drop. And not until.
danny999 Champion Author Florida Posts:8,703 Points:1,635,060 Joined:Oct 2008	Message Posted: Jul 6, 2010 11:29:07 PM Ignore danny999 Report Abuse They went crablike today.Kinda waiting to see what's happening with our WEAKENING ECONOMY.
Bigwaynef Champion Author South Carolina Posts:11,451 Points:2,077,835 Joined:Dec 2006	Message Posted: Jul 6, 2010 11:26:27 PM Ignore Bigwaynef Report Abuse Don't wait too long for the prices to drop...
traindude Champion Author Virginia Beach Posts:5,624 Points:1,492,855 Joined:Jun 2007	Message Posted: Jul 6, 2010 11:24:35 PM Ignore traindude Report Abuse don't mean a thing for us at the pump
MidNJ Champion Author New Jersey Posts:7,536 Points:1,169,685 Joined:Sep 2009	Message Posted: Jul 6, 2010 11:23:37 PM Ignore MidNJ Report Abuse As a consumer, and not a speculator Is this is positive?
AC-302 Champion Author Los Angeles Posts:26,541 Points:2,898,095 Joined:Aug 2004	Message Posted: Jul 6, 2010 11:20:39 PM Ignore AC-302 Report Abuse I haven't seen prices fall yet.
REKEY Champion Author South Carolina Posts:8,559 Points:1,695,415 Joined:May 2008	Message Posted: Jul 6, 2010 11:20:37 PM Ignore REKEY Report Abuse Sooner of later a class 4 will come through.
CumminsFanOH Champion Author Columbus Posts:1,670 Points:827,990 Joined:Jan 2009	Message Posted: Jul 6, 2010 11:19:35 PM Ignore CumminsFanOH Report Abuse We need to see this at the pumps ...
MertieMan Champion Author Lexington Posts:14,768 Points:2,891,610 Joined:May 2005	Message Posted: Jul 6, 2010 11:19:11 PM Ignore MertieMan Report Abuse The prices have gone about as far as they are going to go.
Gary65 Champion Author Toronto Posts:1,703 Points:781,120 Joined:Jan 2009	Message Posted: Jul 6, 2010 11:15:54 PM Ignore Gary65 Report Abuse Let's see them fall further.
Star Cruise Champion Author Toronto Posts:1,226 Points:360,585 Joined:Sep 2004	Message Posted: Jul 6, 2010 11:15:53 PM Ignore Star Cruise Report Abuse Started to drop after it went up by 8% to cover a new tax in Ontario. Still higher than pre-tax though
PaylessKY Champion Author Kentucky Posts:8,705 Points:1,578,525 Joined:Oct 2008	Message Posted: Jul 6, 2010 11:13:18 PM Ignore PaylessKY Report Abuse Prices held steady for the holiday, but came down 1 & 2 cents yesterday.
joel27nc Champion Author Raleigh Posts:10,522 Points:1,855,445 Joined:Mar 2008	Message Posted: Jul 6, 2010 11:11:21 PM Ignore joel27nc Report Abuse Big oil and the speculators will make sure the price of gas stays high!
CobraLeader Champion Author New Jersey Posts:267,902 Points:1,200,750 Joined:Apr 2007	Message Posted: Jul 6, 2010 11:09:32 PM Ignore CobraLeader Report Abuse ... Where??? Certainly NOT in Southern NEW JERSEY! ...
regasaz Champion Author Phoenix Posts:5,775 Points:1,279,380 Joined:Dec 2006	Message Posted: Jul 6, 2010 11:02:42 PM Ignore regasaz Report Abuse Starting to see a drop of 2 to 3 cents here in the Valley.
Jarod13 Champion Author Virginia Posts:3,490 Points:1,408,060 Joined:Oct 2008	Message Posted: Jul 6, 2010 11:02:27 PM Ignore Jarod13 Report Abuse Gas prices will continue to rise through the Labor Day weekend, then we'll see it drop off until we see what type of winter, colder/warmer than normal, then we'll see which direction prices will go.
chop1994 Sophomore Author California Posts:226 Points:161,825 Joined:May 2009	Message Posted: Jul 6, 2010 10:58:25 PM Ignore chop1994 Report Abuse Not here...................
judgemobile Champion Author Ohio Posts:7,555 Points:2,442,210 Joined:Nov 2005	Message Posted: Jul 6, 2010 10:54:02 PM Ignore judgemobile Report Abuse speculation drives prices, not supply and demand
MRED3 Champion Author Jacksonville Posts:4,002 Points:929,115 Joined:May 2009	Message Posted: Jul 6, 2010 10:52:49 PM Ignore MRED3 Report Abuse Who would have guess it.
GasitupJB Champion Author Columbia Posts:3,772 Points:573,775 Joined:Sep 2005	Message Posted: Jul 6, 2010 10:51:50 PM Ignore GasitupJB Report Abuse end shady trading
jay4 Champion Author Colorado Springs Posts:5,792 Points:1,326,080 Joined:Apr 2006	Message Posted: Jul 6, 2010 10:47:44 PM Ignore jay4 Report Abuse "Prices fell" or "PRICES CONTINED TO RETURN TO NORMAL"?
Bus936 Champion Author Lexington Posts:16,423 Points:3,216,005 Joined:May 2004	Message Posted: Jul 6, 2010 10:46:21 PM Ignore Bus936 Report Abuse It should come down more at the pumps since the oil industry has been legally stealing regularly since before last winter.
ricker8 Champion Author Ontario Posts:3,128 Points:677,650 Joined:Oct 2008	Message Posted: Jul 6, 2010 10:43:32 PM Ignore ricker8 Report Abuse our prices are well over $4 a US gallon
TIGERPAW46 Champion Author Florida Posts:7,114 Points:1,352,710 Joined:Mar 2004	Message Posted: Jul 6, 2010 10:41:00 PM Ignore TIGERPAW46 Report Abuse Prices Fluctuating around the same $2.52--$2.55 at lowest places, Panhandle Fl.
bigmaninarig Champion Author St. Louis Posts:3,163 Points:598,345 Joined:Jul 2008	Message Posted: Jul 6, 2010 10:36:57 PM Ignore bigmaninarig Report Abuse Prices just jumped 2 bits (25 cents) here!
Lou08 Champion Author California Posts:1,084 Points:252,410 Joined:Feb 2008	Message Posted: Jul 6, 2010 10:32:39 PM Ignore Lou08 Report Abuse Conserve! Atomic Power Plants with electric vehicles and CNG don't worry about oil prices. Obama stop suing Arizona if US can't or won't do their job!
Jo120 Champion Author Arizona Posts:4,242 Points:1,488,030 Joined:Mar 2005	Message Posted: Jul 6, 2010 10:31:36 PM Ignore Jo120 Report Abuse We fellow gasoline consumers certainly got a break on this issue. Fortunately the weak tropical storm faded quickly.
Buddy2264 Champion Author Tampa Posts:11,639 Points:2,357,045 Joined:Oct 2005	Message Posted: Jul 6, 2010 10:30:26 PM Ignore Buddy2264 Report Abuse The tropics will heat up and so will the prices. That seems odd with all the oil that is escaping now. After wells are drilled I guess the oil travels by pipes to the refiners, not sure on that one. But when a storm approaches the price rises because all the best refiners are located along the coast. We pay more in Florida because there is not pipeline and it must all arrive by barge. Conservation keeps your money in your pocket.
mstearno Champion Author Dayton Posts:8,048 Points:1,728,210 Joined:Jan 2008	Message Posted: Jul 6, 2010 10:27:23 PM Ignore mstearno Report Abuse no change here
traindude Champion Author Virginia Beach Posts:5,624 Points:1,492,855 Joined:Jun 2007	Message Posted: Jul 6, 2010 10:24:26 PM Ignore traindude Report Abuse .99/gal dream still flickers on
FlyNFool Champion Author South Carolina Posts:8,224 Points:1,681,200 Joined:Aug 2008	Message Posted: Jul 6, 2010 10:20:01 PM Ignore FlyNFool Report Abuse Let's hope they stay that way. One down 5 to go!
JoeKR Champion Author New Jersey Posts:9,453 Points:1,741,970 Joined:Feb 2006	Message Posted: Jul 6, 2010 10:19:07 PM Ignore JoeKR Report Abuse Not only should we conserve where we can, we really need to go the extra mile in buying the lower priced gas to let the retailers know that pennies do matter to us and we'll make our purchase based on that. I just don't understand how one station can sell gas for .10 more than the station across the street and stay in business!
Chris46 Champion Author Dayton Posts:23,635 Points:2,078,315 Joined:Sep 2005	Message Posted: Jul 6, 2010 10:15:07 PM Ignore Chris46 Report Abuse Is it possible for prices at the pump to move even lower, during the summer months? We sure need some help here.
car253 Champion Author Ohio Posts:6,278 Points:1,465,595 Joined:Oct 2008	Message Posted: Jul 6, 2010 10:12:52 PM Ignore car253 Report Abuse Maybe this will help the economy a little.
EVBuddy Champion Author Nevada Posts:16,675 Points:3,028,670 Joined:Sep 2004	Message Posted: Jul 6, 2010 10:04:27 PM Ignore EVBuddy Report Abuse Good for consumers, bad news for the alternatives.
DustyHorse Champion Author Virginia Posts:6,067 Points:1,387,845 Joined:Oct 2008	Message Posted: Jul 6, 2010 10:00:21 PM Ignore DustyHorse Report Abuse Prices need to move substantially lower.
Saturn93 Champion Author Salt Lake City Posts:7,292 Points:1,640,885 Joined:Oct 2006	Message Posted: Jul 6, 2010 9:56:44 PM Ignore Saturn93 Report Abuse Just a downward blip, caused by a lagging economy, in an otherwise upward trend.
DEG Champion Author Las Vegas Posts:17,605 Points:3,491,680 Joined:Jul 2003	Message Posted: Jul 6, 2010 9:54:25 PM Ignore DEG Report Abuse I haven't noticed more than about a two or three cents per gallon decrease at any station. Most of the stations along my route of travel have not changed at all.